EtherPad say its the only "really real-time" web-based word processor. At this time its possibly true. Its really fast. They also added a playback function of the history of the pad, almost like in google wave.

You can create a pad to chat, write, brag or just tell a story. Generally, only people who know the URL to your pad will be able to access its contents. In this way, you can control access to a pad. You can think of the randomly-generated URL as a sort of password.

Tagged with: web based applications , free programs